Ferrovial Announces Plans for 250 MW Solar Facility in Milam County, Texas

Ferrovial will develop a 250 MW solar facility in Milam County, Texas, investing $355 million. The project will create 300 jobs during construction and generate 450 GWh of electricity annually, serving 43,000 homes. This adds to Ferrovial's energy portfolio in Texas, complementing a 257 MWdc plant in Leon County and a 72 MW PV plant in the Houston area for client X-Elio.

Ferrovial, a leading global infrastructure company, has announced plans to develop a 250 MW solar photovoltaic facility in Milam County, Texas. The project, which represents a total investment of approximately $355 million, including debt, will deliver reliable electricity to the Texas grid and support long-term economic growth in the region. Construction is scheduled to begin in the coming months and is expected to generate nearly 300 jobs during the build phase. The facility is anticipated to produce power by 2027 and deliver approximately 450 GWh (450,000 MWh) of electricity annually, enough to serve 43,000 homes.

"This project is a strong example of how infrastructure investment can directly benefit communities," said María José Esteruelas, Ferrovial Energy CEO. "As data centers multiply and energy needs continue to increase, this facility will bring lasting value to the region by creating jobs, supporting local services, and strengthening energy reliability."

The project will add to Ferrovial's energy portfolio in Texas, complementing a 257 MWdc plant in Leon County. Additionally, the company is nearing construction completion of a 72 MW PV plant in the Houston area for its client X-Elio.

Ferrovial is one of the world's leading infrastructure companies, operating in over 15 countries with a workforce of over 25,000 worldwide. The company is triple listed on Euronext Amsterdam, the Spanish Stock Exchanges, and Nasdaq, and is a member of Spain's blue-chip IBEX 35 index. It is also included in globally recognized sustainability indices such as the Dow Jones Best in Class Index (former Dow Jones Sustainability Index) and strives to conduct all of its operations in compliance with the principles of the UN Global Compact, which the Company adopted in 2002.

References:
[1] https://www.marketscreener.com/news/ferrovial-to-develop-250-mw-solar-facility-in-milam-county-texas-ce7c50d9db88f623
[2] https://www.prnewswire.com/news-releases/ferrovial-to-develop-250-mw-solar-facility-in-milam-county-texas-302538883.html